How to Buy Immutable X (IMX) in Australia

Immutable X (IMX) is the utility token of a network that scales Ethereum for NFTs and blockchain games. It launched in 2021 as one of the first zero-knowledge rollups purpose-built for digital collectibles, letting people mint and trade NFTs without paying gas on every action, while still leaning on Ethereum for security. IMX itself is an ERC-20 token that lives on Ethereum.

The project was built by Immutable, a technology company based in Sydney, Australia. Its aim was to fix a specific problem: minting and trading NFTs directly on Ethereum could be slow and costly during busy periods. By moving that activity onto a rollup, Immutable X is designed to handle a very high volume of transactions, over nine thousand per second, and to run its NFT operations carbon neutral.

• Token and chain: IMX is an ERC-20 token on Ethereum.
• Built by: Immutable, a Sydney-based Australian company.
• Launched: the protocol went live in 2021.
• Technology: a zero-knowledge rollup for gas-free NFT minting and trading.
• Token role: paying protocol fees, governance voting and protocol staking rewards.

Who created Immutable X?

Immutable X was built by Immutable, an Australian company founded in Sydney by James Ferguson, Robbie Ferguson and Alex Connolly. The team first made its name with the trading-card game Gods Unchained, then built Immutable X to give NFT projects and studios a faster, cheaper home on Ethereum. The protocol launched in 2021 and has since hosted games such as Gods Unchained, Guild of Guardians and Illuvium.

How does the Immutable X scaling layer work?

Immutable X uses zero-knowledge rollup technology, a Layer-2 approach that bundles many transactions together off the main Ethereum chain, then posts a single cryptographic validity proof back to Ethereum. Ethereum checks that proof, so the activity inherits the mainnet's security while most of the work happens off-chain. This is what lets Immutable X offer gas-free minting and trading of NFTs and settle trades almost instantly, even at high volume.

What is IMX used for?

IMX is the utility token of the network. It is used to help pay protocol fees on trades, to vote on governance decisions about the platform's direction, and it can be staked within the protocol to support the network and earn rewards. Because Immutable X is built around NFTs and games, demand for IMX is tied to activity across the marketplaces and titles built on it. On Digital Surge, Immutable X sits in the Gaming Coins category.

Can you stake Immutable X?

Immutable X does have staking at the protocol level, where token holders can use compatible wallets to help support the network and earn rewards. That is a feature of the network itself, separate from any staking product on an exchange. Digital Surge does not offer IMX staking, so here you can buy, hold and withdraw Immutable X through your account. This is general information only and not a recommendation.

Things to consider before buying Immutable X

Cryptocurrency is volatile, and the value of IMX in AUD can rise or fall sharply over short periods. It is a high-risk category, so it helps to understand the network, to only commit an amount you are comfortable holding through price swings, to keep your account and keys secure, and to be alert to scams. Because IMX is an ERC-20 token, always withdraw over the correct network. This is general information only and not a recommendation, and it does not take your personal circumstances into account. Consider your own situation or speak to a qualified professional before buying.

Why Buy Immutable X?

Many Australians hold Immutable X because it is built by Immutable, a Sydney-based company, because it makes minting and trading NFTs on Ethereum gas-free while keeping Ethereum-level security, and because it anchors a growing line-up of blockchain games. Digital Surge lets you buy IMX with AUD via PayID or bank transfer and offers Australian-based support. This is general information only and not a recommendation; consider your own circumstances before buying any cryptocurrency.

Buying Immutable X in Australia: the quick recap

To buy Immutable X in Australia on Digital Surge: create a free account, verify your ID, deposit AUD via PayID or bank transfer, then buy Immutable X. The whole process takes about five minutes, and your Immutable X is held safely in your Digital Surge wallet.

Learn more about Immutable X

On Digital Surge you can see the live Immutable X price and IMX to AUD converter, see other coins in the Gaming Coins category, or read what cryptocurrency is before you buy Immutable X in Australia.